The Governor of the State Bank of Vietnam (SBV) issued Decision No. 701/QĐ-NHNN on April 13, 2017 to allow Shinhan Bank Vietnam Limited to provide additional service.
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Accordingly, the SBV Governor allows Shinhan Bank Vietnam to provide “custody service” and add new service to Item 6 of License No.341/GP-NHNN dated December 29, 2008 of the Shinhan Bank Vietnam.
Shinhan Bank Vietnam is responsible for implementing legal procedures as stipulated in Item 3, Article 18b of Circular No.40/2011/TT-NHNN dated December 15 2011, issued by the SBV Governor on the granting of license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (revised and supplemented by Circular No 08/2015/TT-NHNN) to implement the above-mentioned content of revision.
In the process of carrying out the “custody service", the Shinhan Bank Vietnam is responsible for complying with all regulations on custody activities and other regulations of Vietnam law.
These Decisions took effect on the date of signing and are integral parts of License No. 341/GP-NHNN dated December 29, 2008 as issued by the SBV Governor for Shinhan Bank Vietnam
Thoa Le